Tax Book 2023

Offences and Prosecutions Chapter- 24

(d) 35

Q.8. For the third time and subsequent default in depositing the amount of tax or any part thereof, penalty
is ___% of the amount of the tax in default.
(a) 25
(b) 50
(c) 75
(d) 100

Q.9. In case of repetition of erroneous calculation in the return for more than one year resulting lesser
amount of tax paid, penalty is higher of Rs. _____of tax involved.
(a) 3 0,000 or 3%
(b) 1,000 or 1%
(c) 5,000 or 3%
(d) 20,000 or 5%

Q.10. Penalty for failure to maintain records under the Ordinance and rules is higher of Rs.__.

(a) 10,000 or 5%

(b) 1,000 or 5%

(c) 5,000 or 3%

(d) 20,000 or 5%

Q.11. Penalty for non-compliance with the provisions of total audit after first notice shall be Rs.____.

(a) 6,000

(b) 25 ,000

(c) 7,000

(d) 8,000

Q.12. Penalty for non-compliance with the provisions of total audit after second notice shall be Rs.____.

(a) 50 ,000

(b) 15,000

(c) 20,000

(d) 25,000

Q.13. Penalty for non-compliance with the provisions of total audit after third notice shall be Rs.____.

(a) 50,000

(b) 75,000

(c) 100,000

(d) 125,000

Q.14. Penalty for failure to furnish information for first default is Rs. __.

(a) 1,000

(b) 2 5,000

(c) 2,000

(d) 3,000

Q.15. Penalty for failure to furnish information for subsequent default is Rs. __.

(a) 10,000